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Feeling stuck with your current energy plan? It might be time to switch to a new electricity provider in McAllen. If you're on a fixed-rate plan, be aware that your provider may impose an Early Termination Fee (ETF) if you cancel before your contract’s end. However, you can avoid this fee by switching electricity companies up to 14 days before your plan concludes, or if you’re relocating.
To initiate the switch in McAllen, here’s what to do:
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An early termination fee (ETF) is a charge that is levied by an electricity provider if you cancel your contract before the end of the agreed-upon term. ETFs are common in the electricity industry and are typically designed to compensate the provider for the costs associated with setting up your service, such as installing a meter or running new power lines to your home.
There are a few ways you can avoid an ETF when canceling your electricity plan:
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